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Desalination Plant Installed for New Alamein Promenade

Mostafa Madbouly, Prime Minister and Minister of Housing, Utilities, and Urban Development, has revealed that Holding Company for Water and Waste Water in Marsa Matrouh completed the installation of a water desalination plant for New Alamein

Egypt’s Annual Headline Inflation Falls in July

The Central Bank of Egypt (CBE) has revealed that July’s annual headline inflation decreased by 1% compared to a month earlier, recording 13.9%

Al Hayah to Launch EGP 300 mn Project in North Coast

Al Hayah for Urban Planning and Development will launch this month its newest coastal project, Al Hayah Gardens, in the North Coast

IFC Invests USD 1.2 bn in Egypt in FY 2018

International Finance Corporation (IFC), a member of the World Bank Group, has invested  USD 1.2 bn in Egypt during the 2018 fiscal year (FY), which helped in creating jobs, developing local infrastructure, and consolidating the country’s economic growth

Development of Ras Gharib’s Slums Area To Be Finished Soon

Mostafa Madbouly, Prime Minister and Minister of Housing, Utilities, and Urban Development, has revealed that construction and finishing of units in the development project of slums area in Ras Gharib, Red Sea Governorate, will be completed soon

Palm Hills Achieves Positive Results in H1

Palm Hills Developments has released their financial results for the first half of 2018, showing positive key numbers have been achieved

MNHD Records 165% Net Income Increase in Q2

Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) has recorded a significant increase in its consolidated net income by 165% y-o-y in the second quarter of 2018

Porto Group Introduces New Approach to Life in Porto New Cairo

Porto Group announces the commencement of delivering its newest residential and recreational hub, Porto New Cairo, which promises elite luxury and colossal living spaces

Housing Ministry, Informa Ink MoU to Promote Real Estate

The Ministry of Housing, Utilities and Urban Development has signed a memorandum of understanding (MoU) with Informa Exhibitions, organizer of the real estate exhibition Cityscape Global, on August 2 to market the Egyptian real estate

Egypt, China Sign Deal for Mega Projects in New Capital

Egypt and China have signed an agreement to implement and establish a number of mega projects in Egypt’s New Administrative Capital

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